Minsheng Securities Research Reports indicate that CMOC Group Limited (603993.SH) has fully completed the annual production plan. Based on the annualized output for Q4, the company's annual copper production capacity may reach 0.68-0.7 million tons, mainly benefiting from the support of the world-class copper mines TFM and KFM in the Democratic Republic of the Congo. The company has developed a five-year plan and production targets, and is currently actively promoting the expansion plan, with ****d TFM expected to continue to ramp up production. Maintain the "Recommended" rating.
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民生证券：维持洛阳钼业“推荐”评级，积极推进扩产计划
Minsheng Securities: Maintain the "Recommended" rating for CMOC Group Limited and actively promote the production expansion plan.
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